When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from certain tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain conditions are met.
However, there are also several disadvantages associated with letting property as holiday accommodation whether or not the furnished holiday letting conditions are met. (more…)
Month seven of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity focuses on charity campaigning, lobbying and political activity. (more…)
Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.
Apprenticeship levy funds go towards the training of apprentices, but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of government support. (more…)
Farmers across the UK have begun to look towards diversifying their existing traditional farming businesses to increase profitability and reduce dependence on one source of income in an attempt to future proof their businesses.
Over the years, diversification options have become more widely known with coverage of the use of excess or poorer quality land for glamping campsites, conversion of barns into farm shops for selling own or local produce and even the establishment of farm parks. (more…)
Following on from the publication of the Welsh Government’s new Economic Action Plan (EAP) there have been a number of changes to the process for businesses looking to access grant support in Wales. (more…)
At the end of the tax year, employers may need to inform HMRC if any taxable benefits were handed out to members of staff over the previous 12 months. (more…)
The move was announced in an email sent to stakeholders, which confirmed the delay was down to a shift in key priorities driven by the need to free up civil servants for Brexit. (more…)
Many employees need to travel as part of their job for various reasons, whether it’s acquiring new customers, working with current ones or attending conferences and events.
The system of benefits and taxation surrounding this essential economic activity is classed as ‘travel and subsistence’ in the eyes of the taxman. (more…)